IEC Electronics (IEC) Given a $8.00 Price Target at Noble Financial

IEC Electronics (NYSEAMERICAN:IEC) has been assigned a $8.00 price objective by equities researchers at Noble Financial in a report issued on Friday. The firm presently has a “buy” rating on the technology company’s stock. Noble Financial’s price target points to a potential upside of 45.72% from the stock’s previous close.

Separately, Zacks Investment Research upgraded shares of IEC Electronics from a “hold” rating to a “strong-buy” rating and set a $5.50 price target for the company in a research note on Saturday, May 12th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $6.83.

Shares of IEC Electronics opened at $5.49 on Friday, MarketBeat Ratings reports. IEC Electronics has a fifty-two week low of $3.42 and a fifty-two week high of $6.80.

IEC Electronics (NYSEAMERICAN:IEC) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.15). IEC Electronics had a negative return on equity of 13.93% and a negative net margin of 2.34%. The firm had revenue of $29.78 million during the quarter, compared to analysts’ expectations of $33.00 million.

Several large investors have recently modified their holdings of IEC. Deutsche Bank AG lifted its position in shares of IEC Electronics by 191.7% during the 4th quarter. Deutsche Bank AG now owns 60,170 shares of the technology company’s stock worth $247,000 after buying an additional 39,544 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of IEC Electronics during the 2nd quarter worth approximately $673,000. Finally, Renaissance Technologies LLC lifted its position in shares of IEC Electronics by 21.5% during the 4th quarter. Renaissance Technologies LLC now owns 320,800 shares of the technology company’s stock worth $1,322,000 after buying an additional 56,674 shares during the last quarter.

IEC Electronics Company Profile

IEC Electronics Corp., together with its subsidiaries, provides electronic manufacturing services in the United States. It specializes in delivering technical solutions for the custom manufacturing, product configuration, and verification testing of engineered complex products that require a sophisticated level of manufacturing.

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